Through electrical power, the second commercial mass production was introduced. Electronics and infotech automated the production procedure in the third industrial transformation. In the fourth industrial transformation the lines in between "physical, digital and biological spheres" have become blurred and this present transformation, which started with the digital transformation in the mid-1900s, is "characterized by a fusion of technologies." This combination of innovations consisted of "fields such as synthetic intelligence, robotics, the Web of Things, autonomous automobiles, 3-D printing, nanotechnology, biotechnology, products science, energy storage and quantum computing." Prior to the 2016 annual WEF conference of the International Future Councils, Ida Aukena Danish MP, who was also a young international leader and a member of the Council on Cities and Urbanization, submitted a blog site post that was later on published by picturing how innovation could improve our lives by 2030 if the United Nations sustainable development objectives (SDG) were recognized through this combination of technologies.
Because everything was free, consisting of clean energy, there was no need to own products or real estate. In her imagined scenario, a number of the crises of the early 21st century "way of life illness, environment Find more info modification, the refugee crisis, ecological destruction, completely congested cities, water pollution, air pollution, social discontent and joblessness" were resolved through brand-new technologies. The post has been slammed as portraying an utopia at the price of a loss of personal privacy. In reaction, Auken said that it was planned to "begin a conversation about a few of the pros and cons of the present technological development." While the "interest in Fourth Industrial Revolution innovations" had "increased" throughout the COVID-19 pandemic, less than 9% of business were utilizing artificial intelligence, robotics, touch screens and other sophisticated technologies.
On January 28, 2021 Davos Agenda virtual panel discussed how expert system (AI) will "basically alter the world". 63% of CEOs believe that "AI will have a bigger impact than the Web." During 2020, the Great Reset Dialogues led to multi-year projects, such as the digital transformation program where cross-industry stakeholders examine how the 2020 "dislocative shock" had increased and "sped up digital improvements". Their report said that, while "digital ecosystems will represent more than $60 trillion in profits by 2025", "just 9% of executives [in July 2020] state their leaders have the right digital abilities". Politicians such as Canadian Prime Minister Justin Trudeau and U.S.